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Couple inadvertently received $10.5 million from Crypto.com and will attend plea hearing in October.
A couple from Melbourne, who inadvertently received 10.5 million Australian dollars ($6.7 million), will undergo a plea trial in October for a theft charge after utilizing the funds they received in error in 2021.
In May 2021, Thevamanogari Manivel transferred money to her partner Jatinder Singh’s Crypto.com account. However, the exchange identified that the bank account did not correspond with the exchange account. Consequently, a refund was processed, but instead of returning the 100 AU$ that the couple attempted to deposit, the exchange erroneously sent 10.5 million AU$ to Manivel’s bank account.
The error was not identified until December 2021, when the exchange performed its annual audit. Following the exchange’s lawsuit in the Victoria Supreme Court, the judge determined that the funds should be returned to the crypto trading platform.
However, the couple had reportedly engaged in a spending spree prior to the discovery of the mistake. They allegedly purchased four houses, vehicles, and other items, in addition to transferring approximately 4 million AU$ to a Malaysian bank account. One of the properties is a five-bedroom house in Craigieburn valued at 1.35 million AU$, which the court has ordered to be sold with the proceeds returned.
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1.35 million AU$ property bought by the couple. Source: Nine News
In October 2022, the couple contended in court that they believed they had won a prize from the crypto exchange. Singh asserted that he had previously received a notification from the company regarding a competition. However, Crypto.com compliance officer Michi Chan Fores refuted the existence of such a competition. Fores indicated that the exchange did not send such notifications to its users.
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Manivel, who faced theft charges, recently pleaded guilty to recklessly dealing with the proceeds of crime in September 2023. She received an 18-month community corrections order, which includes six months of intensive compliance and unpaid community service after having already spent 209 days in custody. Meanwhile, Singh is scheduled to appear for a plea trial on Oct. 23.
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